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Message: Re: US 2017 Tax Cuts and Jobs Act
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Dec 21, 2017 08:28PM
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Dec 21, 2017 08:52PM

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My understanding is that if RVX was purchased by a US BP, 80% of the full nol  could be used to offset future profits of the US company. The carryback is eliminated effective 1/01/2018, however the total loss could be carried forward indefinitely to offset future profits until it is fully utilized. In my previous illustration the tax benefit would be (400MM*.8)*.21         

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